SOURCE: Searchlight Solutions Ltd.

Searchlight Solutions Ltd.

June 24, 2011 16:30 ET

Searchlight Comments on Its Opportunity in a Growing Cloud Computing Market, Which Is Expected to Grow to $241 Billion by 2020

ATLANTA, GA--(Marketwire - Jun 24, 2011) - Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today comments on recent reports that highlight the growth potential of the cloud computing industry.

Searchlight Scientific, Inc., a wholly owned subsidiary, is launching its HPC2 ("High Performance Cloud Computing") Service to meet a growing demand for supercomputer type cloud computing needs by various types of corporate customers.

The above growth forecasts by industry experts showcases the opportunity Searchlight Scientific has within a large and growing cloud computing marketplace. The Company looks forward to launching its HPC2 Service and believes it can successfully take advantage of the opportunity and deliver value for its shareholders.

About Us:
Searchlight Solutions Ltd. (PINKSHEETS: SLLN) is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.

Searchlight ScientificInc. is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrow's computing challenges.

Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS™.

Forward-Looking Statements:
The statements in this press release or on the Company's website and any other statements relative to the Company, which are not historical facts, are forward-looking statements -- that is, statements related to future, not past, events. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Company's management, and are, therefore, subject to certain risks and uncertainties, including but not limited to, costs and difficulties related to the state of the Company's current operations, applicability of the Company's technology, costs, delays, and any other difficulties related to the Company's business plan, the company's sources of liquidity, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, marketability of the Company's products and services, and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. A variety of factors, many of which are beyond the Company's control, affect the Company's operations, performance, business strategy and results and could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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